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Tuesday, March 31, 2009

ISE press release: New CEO hired April 1

FOR IMMEDIATE RELEASEDate: April 1, 2009

Independent Security Evaluators Hires CEO

Independent Security Evaluators LLC (“ISE”), a Baltimore-based computer security consulting firm, has hired Richard “Rick” Wagoner as the Chief Executive Officer. Dr. Avi Rubin, president and founding partner of ISE, stated that the company’s rapid growth led to the need to bring in a CEO. “We have been very fortunate to have experienced significant growth since we started ISE four and a half years ago,” said Dr. Rubin. “Our client base and reputation continue to grow, and in order to continue delivering the highest level of technical consulting expertise, we felt it was time to recruit a business leader with a proven track record to manage operations and provide strategic direction for ISE. We are grateful to President Barack Obama for making Mr. Wagoner available for this job.”

Dr. Rubin and the partners of ISE believe Mr. Wagoner has the right skill set and experience to move ISE forward. “Rick offers the unique blend of drive and creativity, combined with executive management experience that we are confident will take ISE to the next level,” said Dr. Rubin.

Mr. Wagoner has held high level corporate management positions. Most recently, Mr. Wagoner was chairman and chief executive of General Motors Corporation. Although GM experienced a loss of $80 billion under his watch, Mr. Wagoner is confident that things he will be better at ISE. “The tremendous loss of market share that we experienced at General Motors in the last eight years is simply not possible at ISE. This makes my new challenge all the more exciting,” said Wagoner. He received a bachelor’s degree in economics from Duke University in 1975 and a master’s in business administration from Harvard University in 1977.

“I am thrilled to be working with such a talented group of people in the expanding field of information security,” said Mr. Wagoner. “Avi and the partners have created a very solid base from which to grow the business. I am excited to work for a company that is not unionized and to escape the cold winters of Michigan. Being in Baltimore has other advantages. If we need to go to Washington for a bailout, it’s only an hour’s drive away – no need for a corporate jet.” ISE plans to invest the savings from not needing a corporate jet back into the local community.

---About ISE: ISE was founded by Dr. Rubin, a computer science professor and the Technical Director of the Information Security Institute at the Johns Hopkins University. A custom technology consulting group, ISE was established to address the need for increased information security at every level of an organization. ISE leverages academic theory and real world experience to design and build new, innovative solutions and to evaluate existing security infrastructure. In the near future, ISE expects to produce energy efficient, low cost, and highly secure automobiles.